| Average Cash Compensation | $ 113,000 | ||
| Average gross annual salary | $ 108,200 | ||
| Percentage eligible for bonus or profit sharing | 52% | ||
| Average bonus or profit sharing | $9,100 | ||
| Median Cash Compensation | $ 102,500 | ||
| Percentage reporting directly to top administrator | 9% | ||
| Percentage reporting directly to an officer | 62% | ||
| Percentage reporting to a mid-level manager | 28% | ||
| Number of Participants | 247 | ||
| DEMOGRAPHICS | |||
| Average Age | 50 | ||
| Average Years Experience in Healthcare | 25 | ||
| Average Years Member of HFMA | 13 | ||
| Average Years in Current Position | 8 | ||
| Average Number of Employees Under Direction | 58 | ||
| Median Number of Employees Under Direction | 33 | ||
| CERTIFICATIONS | Percentage | Compensation | |
| CPA | 4% | -small sample- | |
| FHFMA or CHFP | 11% | $135,200 | |
| EDUCATION | Percentage | Compensation | |
| Some College or Associates Degree | 25% | $87,200 | |
| Bachelor’s Degree | 41% | $118,300 | |
| Master’s Degree | 28% | $133,500 | |
| TITLE | Percentage | Compensation | |
| Supervisor | 5% | -small sample- | |
| Manager | 30% | $88,900 | |
| Director | 64% | $128,700 | |
| ORGANIZATION TYPE | Percentage | Compensation | |
| Hospital with 70 beds or less | 16% | $83,300 | |
| Hospital from 72 to 200 beds | 17% | $97,200 | |
| Hospital from 210 to 415 beds | 17% | $113,200 | |
| Hospital with 440 beds or greater | 16% | $137,400 | |
| System level, headquarters or regional | 30% | $125,800 | |
| GENDER | Percentage | Compensation | |
| Men | 28% | $130,400 | |
| Women | 72% | $106,400 | |
| NET OPERATING REVENUE OF EMPLOYER | Percentage | Compensation | |
| Less than or equal to $69 million | 16% | $88,300 | |
| From $72 million to $285 million | 16% | $116,000 | |
| From $292 million to $625 million | 16% | $127,400 | |
| Greater than or equal to $660 million | 16% | $152,800 | |
| YEARS IN HEALTHCARE | Percentage | Compensation | |
| Less than or equal to 18 Years | 22% | $95,600 | |
| From 19 to 25 Years | 21% | $106,300 | |
| From 26 to 33 Years | 20% | $112,900 | |
| More than or equal to 34 Years | 21% | $142,800 | |
| NUMBER OF REPORTING EMPLOYEES | Percentage | Compensation | |
| Less than or equal to 12 Employees | 26% | $96,000 | |
| From 13 to 30 Employees | 24% | $89,800 | |
| From 33 to 70 Employees | 25% | $118,500 | |
| Greater than or equal to 74 Employees | 25% | $147,100 | |
| REGION | Percentage | Compensation | |
| Northeast | 17% | $128,800 | |
| South | 31% | $114,800 | |
| Midwest | 33% | $103,800 | |
| West | 19% | $113,400 | |
| YEARS IN HFMA | Percentage | Compensation | |
| Less than or equal to 5 Years | 27% | $95,900 | |
| From 6 to 9 Years | 23% | $108,700 | |
| From 10 to 16 Years | 25% | $108,300 | |
| More than or equal to 17 Years | 25% | $139,900 | |
All of the participants have titles indicating mid-management responsibilities. Most titles include wording such as patient financial services, revenue cycle, patient accounting, business office, or billing.
246 patient accounting managers and directors responded to the survey, out of 800 sampled, resulting in a response rate of 31%.
There is 95% probability that the mean compensation for directors and managers of patient financial services in HFMA lies between $105,100 and $120,800.
